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G.

20 FINANCE COMPANIES1 For immediate release


September 2002 November 2002

OWNED AND MANAGED RECEIVABLES2

2001 2002
r r p r r p
1997 1998 1999 2000 2001 Q3 Q4 Q1 Q2 Q3 Jul Aug Sep

Seasonally Adjusted
Growth Rates (percent at annual rate)
Total 7.5 10.3 13.6 15.1 5.2 3.6 0.5 -2.8 6.0 3.5 10.2 0.2 0.1
Consumer 10.3 7.3 10.8 13.4 10.6 3.9 15.0 3.1 4.9 -2.1 7.2 -12.2 -1.4
Real estate 13.0 15.9 15.8 14.3 4.4 8.8 -10.2 -18.1 9.7 9.1 21.1 17.1 -11.0
Business 3.0 11.1 15.5 17.0 0.6 1.4 -8.5 -2.6 5.7 6.9 9.1 5.8 5.9

Outstandings (billions of dollars)


Total 822.9 907.3 1,031.1 1,187.0 1,248.5 1,246.8 1,248.5 1,239.7 1,258.3 1,269.3 1,269.0 1,269.1 1,269.3
Consumer 345.0 370.1 410.2 465.2 514.6 496.1 514.6 518.7 525.0 522.2 528.1 522.8 522.2
Real estate 129.7 150.3 174.0 198.9 207.7 213.1 207.7 198.3 203.1 207.7 206.7 209.6 207.7
Business 348.2 386.9 446.9 522.8 526.2 537.6 526.2 522.7 530.2 539.4 534.2 536.7 539.4

AUTO LOANS: TERMS OF CREDIT3

Percent except as noted; not seasonally adjusted


New car loans
Interest rates 7.12 6.30 6.66 6.61 5.65 6.01 2.97 5.32 5.98 2.72 3.50 2.23 2.43
Maturity (months) 54.1 52.1 52.7 54.9 55.1 57.4 51.1 53.9 57.3 59.0 59.1 59.4 58.4
Loan-to-value ratio 92 92 92 92 91 92 92 90 92 96 95 96 96
Amount financed (dollars) 18,077 19,083 19,880 20,923 22,822 22,775 24,729 23,314 23,325 25,802 24,802 26,208 26,396

Used car loans


Interest rates 13.27 12.64 12.60 13.55 12.18 11.96 11.09 11.03 10.87 10.52 10.62 10.50 10.44
Maturity (months) 51.0 53.5 55.9 57.0 57.5 57.6 56.8 57.6 57.7 57.6 57.7 57.6 57.5
Loan-to-value ratio 99 99 99 99 100 100 100 100 101 100 100 100 100
Amount financed (dollars) 12,281 12,691 13,642 14,058 14,416 14,434 14,649 14,184 14,617 14,819 14,843 14,815 14,799

1. Includes finance company subsidiaries of bank holding companies but not of retailers and banks.
2. Owned receivables are those carried on the balance sheet of the institution. Managed receivables are outstanding balances of pools upon which securities have been issued; these balances
are no longer carried on the balance sheets of the loan originator. Data are shown before deductions for unearned income and losses. Components may not add to totals because of rounding.
these previously unreported assets.
3. Data are from the subsidiaries of the three major U.S. automobile manufacturers and are volume-weighted averages covering all loans of each type purchased during the month.
OWNED AND MANAGED RECEIVABLES2

2001 2002
r r p r r p
1997 1998 1999 2000 2001 Q3 Q4 Q1 Q2 Q3 Jul Aug Sep

Not Seasonally Adjusted


Outstandings (billions of dollars)
Total 828.7 912.7 1,036.4 1,192.2 1,253.7 1,239.6 1,253.7 1,244.4 1,264.4 1,262.0 1,264.2 1,261.1 1,262.0

Consumer 347.3 372.5 412.7 468.3 518.1 498.1 518.1 514.3 524.9 524.3 528.6 525.0 524.3
Motor vehicle loans 93.3 113.5 129.2 141.6 173.9 151.6 173.9 171.9 170.3 174.6 172.5 169.1 174.6
Motor vehicle leases 98.8 96.6 102.9 108.2 103.5 108.3 103.5 97.5 96.4 88.5 94.9 90.5 88.5
Revolving4 37.0 31.9 32.5 37.6 31.5 36.0 31.5 28.0 32.1 37.3 36.6 36.5 37.3
Other5 37.3 37.9 39.8 40.7 31.1 33.4 31.1 32.4 33.2 32.3 33.0 33.0 32.3
Securitized Assets6
Motor vehicle loans 44.3 54.8 73.1 97.1 131.9 117.5 131.9 136.4 142.4 140.8 141.9 145.6 140.8
Motor vehicle leases 10.8 12.7 9.7 6.6 6.8 7.0 6.8 6.5 6.2 6.0 6.1 6.0 6.0
Revolving 5.1 5.5 6.7 19.6 25.0 29.3 25.0 26.5 29.2 30.5 28.9 29.9 30.5
Other 20.8 19.6 18.8 17.1 14.3 15.0 14.3 15.1 15.0 14.4 14.7 14.4 14.4

Real estate 129.7 150.3 174.0 198.9 207.7 213.1 207.7 198.3 203.1 207.7 206.7 209.6 207.7
One- to four-family 67.5 90.0 108.2 130.6 120.1 144.8 120.1 120.4 121.8 126.4 125.7 128.7 126.4
Other 29.0 31.2 37.6 41.7 41.2 42.6 41.2 36.8 38.7 38.9 38.7 38.8 38.9
Securitized real estate assets6
One- to four-family 33.0 29.0 28.0 24.7 40.7 22.8 40.7 39.7 40.9 40.1 40.6 40.4 40.1
Other 0.2 0.1 0.2 1.9 5.7 2.9 5.7 1.4 1.7 2.2 1.7 1.7 2.2

Business 351.7 389.9 449.6 525.0 527.9 528.4 527.9 531.9 536.5 530.0 529.0 526.4 530.0
Motor vehicles 58.7 64.8 69.4 75.5 54.0 57.8 54.0 58.0 59.9 56.9 56.7 56.0 56.9
Retail loans 20.4 19.5 21.1 18.3 16.1 16.7 16.1 17.1 17.0 17.6 17.5 17.2 17.6
Wholesale loans7 27.8 32.8 34.8 39.7 20.3 23.6 20.3 22.8 25.8 23.3 22.3 22.2 23.3
Leases 10.5 12.5 13.6 17.6 17.6 17.5 17.6 18.0 17.1 15.9 16.9 16.6 15.9
Equipment 198.0 212.2 238.7 283.5 289.4 288.2 289.4 284.2 288.0 289.2 286.0 287.5 289.2
Loans 56.8 59.2 64.5 70.2 77.8 76.8 77.8 81.5 78.9 82.8 80.0 81.4 82.8
Leases 141.2 153.0 174.2 213.3 211.6 211.4 211.6 202.7 209.2 206.4 206.1 206.1 206.4
Other business receivables8 47.5 63.9 87.0 99.4 103.5 105.1 103.5 100.8 101.5 99.4 102.8 99.8 99.4
Securitized Assets6
Motor vehicles 33.0 29.2 31.5 37.8 50.1 48.0 50.1 44.0 45.5 43.8 41.5 41.0 43.8
Retail loans 2.4 2.6 2.9 3.2 5.1 2.6 5.1 2.3 2.4 2.2 2.3 2.2 2.2
Wholesale loans 30.5 24.7 26.4 32.5 42.5 42.8 42.5 39.0 40.8 39.3 36.9 36.5 39.3
Leases 0.0 1.9 2.1 2.2 2.5 2.7 2.5 2.7 2.3 2.3 2.3 2.3 2.3
Equipment 10.7 13.0 14.6 23.1 23.2 23.1 23.2 25.4 21.7 21.6 21.6 22.0 21.6
Loans 4.2 6.6 7.9 15.5 16.4 15.1 16.4 18.5 15.0 14.8 15.0 15.4 14.8
Leases 6.5 6.4 6.7 7.6 6.8 8.0 6.8 6.9 6.7 6.7 6.7 6.6 6.7
Other business receivables8 4.0 6.8 8.4 5.6 7.7 6.1 7.7 19.5 19.9 19.1 20.3 20.1 19.1

4. Excludes revolving credit reported as held by depository institutions that are subsidiaries of finance companies.
5. Includes personal cash loans, mobile home loans, and loans to purchase other types of consumer goods such as appliances, apparel, boats, and recreation vehicles.
6. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the loan originator.
7. Credit arising from transactions between manufacturers and dealers, that is, floor plan financing.
8. Includes loans on commercial accounts receivable, factored commercial accounts, and receivable dealer capital; small loans used primarily for business or farm purposes; and wholesale and
lease paper for mobile homes, recreation vehicles, and travel trailers.